Hope Vs Realty of bitcoin

[TimeTeller]

The thing I've noticed most about new entrants into the crypto sphere is this...

They hope that they're going to earn some Bitcoin and get rich.

The reality is that they spend it on shitcoins and go broke.

I say this tongue in cheek, but seriously, I can't tell you how many friends I have that I've been trying to get into Bitcoin since it was $2.  They'll literally buy any $0.02 shitcoin they can find hoping that by some miracle it goes up to being worth thousands, market cap be damned...  I think part of it is education and the other part is thinking that getting rich in crypto is easy.  It isn't.  Most of the time it involves a lot of hard work, or a lot of luck.  If you're going the luck route, know there's an extremely high chance you are not going to make it.

I can understand your sentiments here but by now, those friends of yours should already know how to spot a crappy coin.
Once these newbies got screwed or something, they will learn their lesson well.
For those who will not give up, they will educate themselves. But for don't, and get out fast, usually they are the ones spreading misinformation.
They are only basing from their experience and usually they are emotionally ruined by their past experience, hence, the bad insights.

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[lienfaye]

Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.

If we invest our money (in general) dont expect to profit in a short period and be prepared for the worse case situation. The problem for some investors who cant bear seeing their Bitcoin losing its value is lack of knowledge and patience. Thus they're tend to commit a wrong decision for not being aware of what they're getting into.

The reality is that they spend it on shitcoins and go broke.

Thats true. Believing these coins are the answer to be rich quick because of the high return in a short period due to hype. Not knowing they're likely going to be broke.

[peter0425]

I can understand your sentiments here but by now, those friends of yours should already know how to spot a crappy coin.

That is part of crypto journey and most of us had tried investing in crappy coins to gain easy money but of course we fails lol.

Once these newbies got screwed or something, they will learn their lesson well.

sometimes it took multiple times before this comes to reality because people are hard headed mostly .

For those who will not give up, they will educate themselves. But for don't, and get out fast, usually they are the ones spreading misinformation.
They are only basing from their experience and usually they are emotionally ruined by their past experience, hence, the bad insights.

EMotions must not take part if we want to succeed in crypto investing because this market Hates drama and only brings failure for those who cries .

[add1ct3dd]

People who think that the market will be going up straight are those who don’t know anything about the market at all, or knows nothing about economics entirely, or it can as well be that it’s just their greed that is making them to have such a thought that the market is meant to be increasing straight up without any sort of up and down in the movement.

Some people don’t have the slightest chill, every little drop that happens in the market and they will start losing hope and start thinking it's time that they have to give up in the market. Despite that this is something that we have all experienced a lot of times, some of them still feel this way.

[ReginaR]

People's hope that if we buy bitcoin we will be the richest man . they think that one time investment is enough but one who use bitcoin for long time knows that itz difficulty process how much we loss and how much we gain .and the reality of bitcoin is based on experience if we lose one time we have to invest money once again and investers earn money by experiencing and learn a lot by itt.t allows investors to make anonymous, untaxable transactions, and it doesn't rely on a centralised monetary authority. Each bitcoin is stored in a digital ledger wallet and people can transfer bitcoins to your wallet, and you can send bitcoins to other people.

[Blended@]

Life they say is full of risk,an a successful business man take the risk an if there is no risk an profit can come out,so in bicoin it all about risk that people invest because some may lose an some may gain so any thing on hope is depend on your experts on bitcoin business

[Webetcoins]

It's amazing how bitcoin relate to our life because in our life it teaches us to strive first before we can be successful. Again just like our life, not all times we are on the top but there are times that we can go back to the bottom and in terms of emotion not all the times we are happy but we are sometimes sad.

It's okay if they can sell before the ATH but as long as they are in positive ( profit) that is still the most important part there and who are them to know when will be the ATH before it return to the bottom? They are only playing safe than sorry but once bitcoin hit an all time high, we can use that as a safe point the next time we hodl.

[xSkylarx]

Life they say is full of risk,an a successful business man take the risk an if there is no risk an profit can come out,so in bicoin it all about risk that people invest because some may lose an some may gain so any thing on hope is depend on your experts on bitcoin business

Accepting this, we must take risks in order to be able to earn and gain something in the process. Trading is similar to life in that you might think things were going smoothly, but they aren't. Others may think that your life is fine, but it isn't. For example, the chart that you have seen may appear to be a straight line going up, but in reality, there is a lot of rough terrain you must pass through before reaching the top. No matter how talented you are, if you are not willing to put your knowledge at risk, you will not be successful in life.

[Reatim]

Life they say is full of risk,an a successful business man take the risk an if there is no risk an profit can come out,so in bicoin it all about risk that people invest because some may lose an some may gain so any thing on hope is depend on your experts on bitcoin business

you will never lose in bitcoin if you know how to handle and you know when to buy and when to sell and also you will only lose here if you are using this for day trading because surely you will be greedy to seek for income in short term in which bitcoin usually cannot provide,
buy bitcoin but know when to keep and how long you can handle.

[Vaculin]

Well, I will not be going to erase any possibility that our hope will come to reality. Yes, most of the time it won't but if we are tired of waiting, this is really be going to happen somehow. But what we gonna see this time is really in the opposite direction. But the time may come someday that the market will give us some favor and hear our hopes, we are just about to extend our patience as we know the market not all the time in bullish, dumps is also inevitable.

Only the thing I can say is not to lose hope, it is really be going to happen momentarily. It is sometimes we need to wait longer.

Even how unpredictable the market trading is, we all chose to live with hope because that is the only way we can hold on to making profits. But for some who are used to be greedy and cannot withstand the reality in trading bitcoin, there is only way not to lose more, quit from trading. If you think you are not seeing trading the way you want it, you have all the time to learn and grow, otherwise quitting would be the best option.

However, the only way that we can be profitable in trading bitcoin is to embrace its reality and never lose hope despite of the inevitable losses that we encounter.

[Wiwo]

Life they say is full of risk,an a successful business man take the risk

Most especially when it comes to cryptocurrency the risk factor becomes high because of crypto volatility, other assets such as gold may be likely stable and less volatile than Bitcoin or other cryptocurrency but again no business is without risk as you said so for one to benefits from the volatility of the market one need to develop some skills which are more of characters to guide you through your cryptocurrency investment journey. One needs to be patient and take time to study the market to understand how it works before buying and holding either Bitcoin or any altcoin of choice.

[bearexin]

The graphic tells so much by using so little words. I have been there for many years and saw it go up so much and go down so much, it is not even that quick, that arrow should be a lot longer because in the end I have seen it all and it takes a lot longer time.

You just have to realize that it doesn't go 1-2-3-4, it goes 1-5-3-10-2-15-7-25-13 and so forth and that makes people question many things.

Sometimes the fall is huge, sometimes it is not that huge, but 50% drop in a single month or two happens a lot more frequent than people thinks and it always recovers and it is not a big deal.

[Chato1977]

Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.

thats why the complete answer and related one is to keep HODLING , in that sense you will only see the upward of crypto and never experience downward, this is also why we must learn both ways, to have Holding and also venture in Trading.

with those action you are providing yourself with complete way of profiteering .

The thing I've noticed most about new entrants into the crypto sphere is this...

They hope that they're going to earn some Bitcoin and get rich.

[Hamphser]

Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.

Any trader or investor that has been in the market for some time will certainly understand that this can never be the case unless they just want to lie to themselves and might continue to lose money in that sense. Every financial market does have all the sides to price, up, down, and sideways and when you fail to understand this, then you are setting yourself up to fail.

Completely understandable when you are a noob which you havent able to encounter this volatility ever since and its your first time.You would really be having thoughts that this market that it would be having that

continous rise without even realizing thats not how it works.On the time that you have do able to taste on what it looks like or experience this unpredictable movement then you would eventually able to realize

and would stick out into those realistic views and insights rather than on sticking with your initial impressions when you are still a noob.You would learn eventually
but there are people who are indeed making theirselves on being blind and continuing on what things that they do believe earlier.

[Bazzu]

in bitcoin investment, and according to my own experience, sometimes we can just sell with expectations and prices that match what we aspire to. but sometimes we sell as long as there is a profit even if it is only a little, because looking at the predicted graph it will not be possible for the price to be as expected. then the best way is to sell it and make a profit even if only a little. so the point in the world of trading who can be patient and not greedy is the one who will be the winner.

[xSkylarx]

Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.

When someone hears that you are earning from bitcoin, they will mostly say that you are earning big and it is very easy to earn from it, but they are wrong. You will go through many stages, trials, and losses to get that profit you are earning now. It is like success in our life; we think the road ahead is just a straight line, but we are wrong; bumpy roads, curvy roads, and dead ends stand for trials. It is also the same in trading. People will say buy low and sell high, but not that easy since you need to know if this is already low or when you can sell.

[KennyR]

Being hopeful surprises, if one has got the patience. This is what I understood being in the cryptomarket for a longer time period. The growth chart resemblance of people's hope and the reality is well described. What the people hope for comes true, but it happens for limited time period. Such a pattern is much wanted by the users who prefer to be rich overnight. Sticking to the reality and trying to make something out of the market is the best for users who have learnt to make earning out of the fluctuation.

[awik p]

Being hopeful surprises, if one has got the patience. This is what I understood being in the cryptomarket for a longer time period. The growth chart resemblance of people's hope and the reality is well described. What the people hope for comes true, but it happens for limited time period. Such a pattern is much wanted by the users who prefer to be rich overnight. Sticking to the reality and trying to make something out of the market is the best for users who have learnt to make earning out of the fluctuation.

but that patience must be formed from within oneself, and is influenced by several factors. if we invest using cold money, of course, we will be calmer in the face of market fluctuations. on the other hand hope must also be planned by analyzing the future and choosing the right coin, otherwise our wait will be in vain

[EarnOnVictor]

This is a good psychological part of trading that traders often ignore, they want quick success thereby losing their trading accounts regularly. The Bitcoin market and other financial market assets can't move in a straight slope, and so is the performance of any traders.

There are times when the market would favour our trading strategies, and there are times the market will make our trading strategies lose more. Therefore, perseverance is the key, and if we have a good trading system and plans that can withstand the test of time, then we will be just fine.

[Inwestour]

Most especially when it comes to cryptocurrency the risk factor becomes high because of crypto volatility, other assets such as gold may be likely stable and less volatile than Bitcoin or other cryptocurrency but again no business is without risk as you said so for one to benefits from the volatility of the market one need to develop some skills which are more of characters to guide you through your cryptocurrency investment journey. One needs to be patient and take time to study the market to understand how it works before buying and holding either Bitcoin or any altcoin of choice.

Anything, whether it be business, trading or investing, all require great knowledge and experience. No one cannot just wake up one fine morning and become a successful trader or businessman, it all takes a lot of effort. There are times when there may just be a successful temporary deal, but over a long period of time everything will still fall into place.